Spending on fab equipment will grow by 3% to $57.8 billion this year, says SEMI.

China’s fab equipment spending will grow by about 5% to over $12 billion this year and by 22%, or $15 billion, in 2021.

Taiwan will spend most in 2020 at nearly $14 billion but will drop to third place in 2021 at $13 billion.

In 2020, Korea will be second with growth of 31% to reach $13 billion and then, in 2021, will take the top spot with a 26% increase in spend to $17 billion.

Southeast Asia (mainly Singapore) will grow by 33% to $2.2 billion in 2020 and by 26% in 2021.

Of all regions, Europe/Mideast will show the strongest equipment spending growth with a surge of more than 50% to $3.7 billion in 2020 and by another 50% in 2021.

In Japan, fab equipment spending growth will be negligible at almost 2% in 2020 and bump up to nearly 4% in 2021.

Lagging the pack, the Americas will spend less in 2020 than in 2019, with fab equipment investments plunging 24% to $6.2 billion, followed by  a 4% decline in 2021.

SEMI’s World Fab Forecast report lists 1,339 fabs and lines and 111 facilities (including low probability) expected to start volume production in 2020 or later.